Nova Intima to invest $28m in BEPZA EZ

Nova Intima Limited, a Hong Kong-British Virgin Islands-owned ladies undergarments manufacturing company, signed an agreement on Monday to invest $28 million in BEPZA Economic Zone (BEPZA EZ), reports BSS.
Eleven companies, including Nova Intima, have so far signed agreements with BEPZA to establish industries in BEPZA EZ with an investment of $243.71 million in total, said a press release.
In presence of Major General Abul Kalam Mohammad Ziaur Rahman, the Executive Chairman of Bangladesh Export Processing Zones Authority (BEPZA), Ali Reza Mazid, Member (Investment Promotion) of BEPZA, and Vijay Uttam, Managing Director of Nova Intima Limited, signed the agreement at the BEPZA Complex in the city.
Nova Intima will produce annually 60 million units of ladies undergarments and fabrics and accessories for producing those undergarments. Some 5,625 Bangladeshi nationals will get employment opportunities in this factory.
Mentionable, there are two other companies in Chattogram and Karnaphuli EPZ under the same owner who have invested about $22 million for producing ladies undergarments. Around 6,000 Bangladeshi nationals are working in these factories.
Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Administration) Md. Zakir Hossain Chowdhury, Executive Director (Public Relations) Nazma Binte Alamgir, Executive Director (Investment Promotion) Md Tanvir Hossain, Executive Director (Enterprise Services) Md Khorshid Alam and Project Director of BEPZA EZ Md Hafizur Rahman were present.